Dubai Insurance Co , PSC

Ticker/ISIN
DIN
AED000301013
Market/Country
Dubai Financial Market
United Arab Emirates
Latest Stock Price
7.45 AED
2023-11-21

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Dubai Insurance Company (DIN) was incorporated by His Highness Late Sheikh Rashid Al Maktoum as the first local company in the UAE.

Since then, DIN has always provided excellent service to its Clientele. The major transformation took place when the newly, agile and proactive Board of Directors were elected in early 2006. Dubai Insurance’s new Board of Directors together with the new management team tripled and doubled its revenue, profitability and client offering while maintaining the same unique values the founders were keen to establish.

Revenue multiplied from Aed 24M in 2006 to Aed 1.2B In 2021 without compromise on profitability. Under its composite P&C and Life License, Dubai Insurance offers a varied portfolio of products including Property, Liability, Marine, Group Life and Medical and many other specialty lines including Credit and Surety.

In acknowledgement of its performance and outlook, AM Best has assigned Financial Strength Rating of A-(Excellent) with Positive outlook and A3 With Stable Outlook By Moody's.

Dubai Insurance prides itself in partnering with leading international reinsurers to offer our clients the solutions necessary for all their traditional and non-traditional risk management needs.

In the past 15 years, Dubai insurance has seen a steady growth, in profits as well as premiums. What we are most proud of, is our contributions to the community and working closely with government entities to ensure that the community living here or visiting have the necessary insurance protecting them and making society work at peace. Over the course of 15 years, we, at Dubai insurance have worked hard to consistently maintain or increase our rating score and these steady increases in growth can be witnessed throughout the years.

Latest Pressrelease Summaries

Dubai Insurance Co , PSC
Dubai Insurance Company (P.S.C) has announced that credit rating agency AM Best has upgraded its Financial Strength Rating to A (Excellent) and its Long-Term Issuer Credit Rating to “a” (Excellent). The company cites the upgrade as a reflection of its strong financial standing and the increasing trust in its diverse insurance products. The firm remains dedicated to upholding its high standards and continuing its progress.
Dubai Insurance Co , PSC
Dubai Insurance Co. has informed the Dubai Financial Market that its Board of Directors met on February 12, 2024, to review and approve the company's Q1 2024 financials. The board also reviewed Circular No. 2224/2024 concerning financial reporting and external audit regulation for insurance companies. The information was communicated by Sahem Abdel Haq, Head of Legal & Compliance at Dubai Insurance Co.
Dubai Insurance Co , PSC
Dubai Insurance Co. has informed the CEO of Dubai Financial Market, Mr. Hamed Ahmed Ali, of a scheduled Board of Directors meeting. The meeting is set to take place on 14th May 2024, at 11:00 am at the company's head office. The purpose of the meeting is to approve the financial results for the first quarter of 2024. The notification was sent by the Head of Legal & Compliance, Sahem Abdelhaq.
Dubai Insurance Co , PSC
Dubai Insurance Co. has informed the Dubai Financial Market that Mr. Mazen Dalati has withdrawn his nomination from the company's Board of Directors. The communication was made by Sahem Abdelhaq, the Head of Legal & Compliance at Dubai Insurance Co.
Dubai Insurance Co , PSC
Dubai Insurance Co. has informed the Dubai Financial Market that Mr. Marwan Abdulla Alrostamani has withdrawn his nomination from the Board of Directors. The information was conveyed by Sahem Abdelhaq, the Head of Legal & Compliance at Dubai Insurance Co.
Dubai Insurance Co , PSC
Dubai Insurance Co. has informed the Dubai Financial Market that a Board of Directors meeting will be held on 20th March 2024. The meeting, which will take place at the company's head office, will involve the election of a Chairman, Vice Chairman, and the establishment of committees from members elected by the General Assembly. The communication was made by Sahem Abdelhaq, the Head of Legal & Compliance at Dubai Insurance Co.
Dubai Insurance Co , PSC
The Dubai Insurance Company has released its Integrated Report for 2023. The report includes the Board of Director's Report, Auditor's Report, Financial Statement, Corporate Governance Report, and Sustainability Report.
Dubai Insurance Co , PSC
The Board of Directors of Dubai Insurance Company (PSC) has invited shareholders to attend the Annual General Assembly meeting on 20/03/2024 at 13:00 PM. The meeting can be attended in-person at the company's headquarters or remotely via video technology. The agenda includes reviewing and approving the company's financial reports and the auditor's report for the fiscal year ending 31/12/2023, approving the balance sheet and profit and loss account, considering proposals for cash dividend distribution and remuneration for board members, discharging or removing board members and auditors for the fiscal year ending 31/12/2023, appointing auditors for 2024, and electing board members. Special attention will be given to proposed amendments to the company's Articles of Association to comply with current laws and regulations.

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AkSharesKumar

AkSharesKumar

Commented on FinanceBroAEDs Transaction regarding Dubai Insurance Co , PSC

Great move! Dubai Insurance Co. has solid potential in the financial sector. Diversifying within Industrials and Financials can offer stability and growth. Well done! 💪
CashwariyaRai

CashwariyaRai

Commented on JohnnyDebts Transaction regarding Dubai Insurance Co , PSC

Interesting move with Dubai Insurance Co, PSC! Diversifying into Financials can be wise. Keep an eye on market trends and stay resilient. Best of luck! 🌟
Dubai Financial Market News

Dubai Financial Market News

News Update From Dubai Insurance Co , PSC

Disclosure: Press release

Dubai Insurance Company (P.S.C) has announced that credit rating agency AM Best has upgraded its Financial Strength Rating to A (Excellent) and its Long-Term Issuer Credit Rating to “a” (Excellent). The company cites the upgrade as a reflection of its strong financial standing and the increasing trust in its diverse insurance products. The firm remains dedicated to upholding its high standards and continuing its progress.

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From Dubai Insurance Co , PSC

Disclosure: Financial statements for the 1st QTR of 2024

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From Dubai Insurance Co , PSC

Disclosure: Results of BOD Meeting

Dubai Insurance Co. has informed the Dubai Financial Market that its Board of Directors met on February 12, 2024, to review and approve the company's Q1 2024 financials. The board also reviewed Circular No. 2224/2024 concerning financial reporting and external audit regulation for insurance companies. The information was communicated by Sahem Abdel Haq, Head of Legal & Compliance at Dubai Insurance Co.

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From Dubai Insurance Co , PSC

Disclosure: BOD meeting

Dubai Insurance Co. has informed the CEO of Dubai Financial Market, Mr. Hamed Ahmed Ali, of a scheduled Board of Directors meeting. The meeting is set to take place on 14th May 2024, at 11:00 am at the company's head office. The purpose of the meeting is to approve the financial results for the first quarter of 2024. The notification was sent by the Head of Legal & Compliance, Sahem Abdelhaq.

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From Dubai Insurance Co , PSC

Disclosure: DIN Announcement

Dubai Insurance Co. has informed the Dubai Financial Market that Mr. Mazen Dalati has withdrawn his nomination from the company's Board of Directors. The communication was made by Sahem Abdelhaq, the Head of Legal & Compliance at Dubai Insurance Co.

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From Dubai Insurance Co , PSC

Disclosure: Notification from the Company

Dubai Insurance Co. has informed the Dubai Financial Market that Mr. Marwan Abdulla Alrostamani has withdrawn his nomination from the Board of Directors. The information was conveyed by Sahem Abdelhaq, the Head of Legal & Compliance at Dubai Insurance Co.

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From Dubai Insurance Co , PSC

Disclosure: BOD meeting

Dubai Insurance Co. has informed the Dubai Financial Market that a Board of Directors meeting will be held on 20th March 2024. The meeting, which will take place at the company's head office, will involve the election of a Chairman, Vice Chairman, and the establishment of committees from members elected by the General Assembly. The communication was made by Sahem Abdelhaq, the Head of Legal & Compliance at Dubai Insurance Co.

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From Dubai Insurance Co , PSC

Disclosure: Integrated report for the year 2023

The Dubai Insurance Company has released its Integrated Report for 2023. The report includes the Board of Director's Report, Auditor's Report, Financial Statement, Corporate Governance Report, and Sustainability Report.

1. Attached Document

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